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Condominium
$480,000$562 / sqft
251 Galen Dr # 302, Key Biscayne FL 33149
Listed
1
Bedrooms
2
Bathrooms
854 sqft
Interior
1968
Year built
$603 / mo
HOA
Condominium
Type
About this home
Welcome to this beautifully maintained, sun-drenched 1-bedroom, 1.5-bathroom apartment located on the highly desirable third floor. Boasting an ideal layout of 854 square feet, this unit features a balcony with pool view and offers an abundance of natural light throughout the day. Step inside to find sleek, clean tile flooring throughout and a layout designed for modern living. Premium Kitchen & Amenities Kitchen: Fully equipped with new upgraded, stainless steel appliances, pristine countertops, and ample cabinet space. Unit has hurricane shutters installed. Incredible Storage: Storage is never an issue here. The unit includes a spacious walk-in closet in the primary bedroom, a dedicated linen closet, a closet that has been converted with shelves as home office, perfect for remote work or studying, and a separate broom/utility. Included in the maintenance: • High-speed Internet • Cable TV • Water and waste services
Features
- Lobby
- Third Floor Entry
- Built-in Features
- Elevator
- French Doors
- Exterior Cat Walk
- Barbeque
- Screened Balcony
- Pool Area View
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Key Biscayne, from 15 active listings; the middle half ask $3,000–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.